Grand City Properties
Grand City Properties, a leading name in the real estate services industry, is headquartered in Luxembourg (LU) and operates extensively across Europe. Founded in 2013, the company has rapidly established itself as a key player in property management and development, focusing on residential and commercial real estate.
With a commitment to enhancing urban living, Grand City Properties offers a diverse portfolio of services, including property acquisition, renovation, and management. Their unique approach combines innovative design with sustainable practices, setting them apart in a competitive market.
Recognised for their significant contributions to urban development, Grand City Properties has achieved notable milestones, including a substantial increase in their property portfolio and a strong market presence. Their dedication to quality and customer satisfaction continues to drive their success in the real estate sector.
-2 vs industry average
Grand City Properties’s score of 27 is lower than 44% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Grand City Properties's reported carbon emissions
Grand City Properties: Carbon Emissions and Climate Commitments
Grand City Properties, a real estate services company headquartered in Luxembourg, has established a clear commitment to reducing its environmental impact. The company has set an ambitious target to reduce its carbon emissions by 40% by 2030, using 2019 as its baseline year.
Emissions Data Overview:
In 2024, Grand City Properties reported total emissions of approximately 130.8 million kg CO2e. This figure includes Scope 1 emissions of about 8.3 million kg CO2e, Scope 2 emissions of approximately 13.6 million kg CO2e (market-based), and Scope 3 emissions of roughly 74.4 million kg CO2e.
For 2023, the company's total emissions were approximately 128.5 million kg CO2e. This comprised Scope 1 emissions of around 7.8 million kg CO2e and Scope 2 emissions of about 10.7 million kg CO2e (market-based). Scope 3 data was not disclosed for this year.
In 2022, Grand City Properties reported Scope 1 emissions of approximately 10.8 million kg CO2e and Scope 2 emissions (location-based) of about 23.0 million kg CO2e. Scope 3 emissions were not disclosed.
The company's emissions data for previous years are as follows:
- 2021: Total emissions of approximately 170.8 million kg CO2e, including Scope 1 at 11.8 million kg CO2e, Scope 2 at 17.7 million kg CO2e, and Scope 3 at 141.3 million kg CO2e.
- 2020: Total emissions were around 93.2 million kg CO2e, with Scope 1 at 6.8 million kg CO2e, Scope 2 at 8.4 million kg CO2e, and Scope 3 at 78.0 million kg CO2e.
- 2019: Scope 1 emissions were approximately 3.7 million kg CO2e, and Scope 2 emissions (market-based) were about 38.6 million kg CO2e.
- 2018: Scope 1 emissions totalled about 10.1 million kg CO2e, with Scope 2 emissions (market-based) at approximately 39.8 million kg CO2e.
- 2017: Total emissions stood at about 16.5 million kg CO2e, comprising Scope 1 at 4.5 million kg CO2e and Scope 2 at 12.1 million kg CO2e.
- 2016: Total emissions were approximately 19.2 million kg CO2e, with Scope 1 at 4.8 million kg CO2e and Scope 2 at 14.4 million kg CO2e.
Climate Commitments and Reduction Initiatives:
Grand City Properties is committed to achieving a 40% reduction in CO2 emissions by 2030 from its 2019 baseline. This near-term, absolute reduction target covers all scopes of emissions.
It is important to note that some of Grand City Properties's data, including performance metrics, is cascaded from its parent organisation, Grand City Properties S.A. Furthermore, its CDP reporting is sourced from Aroundtown SA, indicating a broader corporate sustainability framework.
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Grand City Properties’s Climate Goals (2030 & 2050)
1 goal2030
40% reduction in all scopes
Reduction of 40% in CO2 emissions by 2030 from the 2019 baseline.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
Inherited from Aroundtown SAThe Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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